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Statements made in this document with respect to SQUARE ENIX HOLDINGS CO., LTD. and its consolidated subsidiaries' (together, “SQUARE ENIX GROUP") plans, estimates, strategies and beliefs are forward‐looking statements about the future performance of SQUARE ENIX GROUP.
These statements are based on management's assumptions and beliefs in light of information available to it at the time these material were drafted and, therefore, the reader should not place undue reliance on them. Also, the reader should not assume that statements made in this document will remain accurate or operative at a later time.
A number of factors could cause actual results to be materially different from and worse than those discussed in forward‐looking statements. Such factors include, but not limited to: 1. changes in economic conditions affecting our operations; 2. fluctuations in currency exchange rates, particularly with respect to the value of the Japanese
yen, the U.S. dollar and the Euro;3. SQUARE ENIX GROUP’s ability to continue to win acceptance of our products and services, which are
offered in highly competitive markets characterized by the continuous introduction of new products and services, rapid developments in technology, and subjective and changing consumer preferences;
4. SQUARE ENIX GROUP’s ability to expand international success with a focus on our businesses; and5. regulatory developments and changes and our ability to respond and adapt to those changes.
The forward‐looking statements regarding earnings contained in these materials were valid at the time these materials were drafted. SQUARE ENIX GROUP assumes no obligation to update or revise any forward‐looking statements, including forecasts or projections, whether as a result of new information, subsequent events or otherwise. The financial information presented in this document is prepared according to generally accepted accounting principles in Japan.
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Financial ResultsFiscal Year
Ended March 31, 2016
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Financial Results:Fiscal Year Ended March 31, 2016
(Billions of Yen)
Fiscal Year Ended 3/15
Fiscal Year Ended 3/16% % % Change
Net Sales 167.9 100% 214.1 100% 27.5%
Operating Income 16.4 10% 26.0 12% 58.4%
Recurring Income 16.9 10% 25.3 12% 49.1%
Net Income 9.8 6% 19.9 9% 102.3%
Fiscal Year Ended 3/15 Fiscal Year Ended 3/16 Change
Depreciation and Amortization 6.9 6.3 (0.6)
Capital Expenditure 6.0 5.9 (0.1)
Number of Employees 3,864 3,924 60
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1. Results for the Fiscal Year ended March 31, 2016 (Billions of Yen)Digital
Entertainment Amusement Publication Merchandising Eliminations or unallocated Total
Net Sales 159.0 41.1 10.0 4.5 (0.5) 214.1Operating Income 27.5 4.0 2.3 1.5 (9.2) 26.0 Operating Margin 17.3% 9.7% 22.7% 33.4% - 12.2%
2. Results for the Fiscal Year ended March 31, 2015 (Billions of Yen)Digital
Entertainment Amusement Publication Merchandising Eliminations or unallocated Total
Net Sales 111.9 40.7 11.5 4.0 (0.3) 167.9 Operating Income 17.3 3.6 3.2 1.2 (8.9) 16.4 Operating Margin 15.4% 8.9% 28.1% 29.0% - 9.8%
3. Changes (1‐2) (Billions of Yen)Digital
Entertainment Amusement Publication Merchandising Eliminations or unallocated Total
Net Sales 47.0 0.4 (1.6) 0.6 (0.2) 46.2 Operating Income 10.2 0.4 (1.0) 0.4 (0.3) 9.6
Financial Results by Business Segment: Fiscal Year Ended March 31, 2016
0.0
50.0
100.0
150.0
200.0
250.0
300.0
0.010.020.030.040.050.060.070.080.090.0100.0110.0120.0
2011/3 2012/3 2013/3 2014/3 2015/3 2016/3 2017/3
6
FY 2017/3 (projection)Consolidated Net Sales
250~270B yen
Content Production Account Balance (left axis)
Consolidated Net Sales (right axis)
As Content Production Account increases, Net Sales rise as well.
Trends in the Content Production Account Balance
(Billions of Yen)(Billions of Yen)
Progress in each Business Segment
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8
Major titles for FY ended March 2016
Just Cause 3 © 2015 Square Enix Ltd. All rights reserved. Developed by Avalanche Studios. Published by Square Enix Ltd. Just Cause 3 and the Just Cause logo are trademarks of Square Enix Ltd. © 2015 Square Enix Ltd . All Rights Reserved. Rise of the Tomb Raider is registered trademarks of Square Enix Ltd.
Hitman ©2015 Io‐Interactive A/S. All rights reserved. IO‐INTERACTIVE and the IO logo are trademarks of Io‐Interactive A/S. HITMAN and the HITMAN logo are trademarks of Square Enix Limited. © 2004, 2015 ARMOR PROJECT/BIRD STUDIO/SQUARE ENIX All Rights Reserved.© SQUARE ENIX CO., LTD. All Rights Reserved. Developed by tri‐Ace Inc. CHARACTER DESIGN:akiman © 2016 ARMOR PROJECT/BIRD STUDIO/SQUARE ENIX All Rights Reserved. © 2016 ARMOR PROJECT/BIRD STUDIO/SQUARE ENIX All Rights Reserved.© 2016 SQUARE ENIX CO., LTD. All Rights Reserved. Developed by Tokyo RPG Factory
Digital Entertainment-HD Games
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Sep 30, 2016Japan, China,
North America, EuropePS4, Xbox one
Aug 23, 2016North America, Europe
PS4, Xbox one, PC
Mar 27, 2016Japan
PS4, PS3, PSVita
2016 Holiday SeasonNorth America, Europe
PS4
2016JapanPSVita
Japan, North America, Europe PS4, PSVita
Release date of following titles, TBD
・・・
© 2016 SQUARE ENIX CO., LTD. All Rights Reserved. MAIN CHARACTER DESIGN:TETSUYA NOMURADeus Ex: Mankind Divided © 2015 Square Enix Ltd. All rights reserved. Developed by Eidos‐Montréal. © 2016 ARMOR PROJECT/BIRD STUDIO/KOEI TECMO GAMES/SQUARE ENIX All Rights Reserved.© 2015 Square Enix Ltd . All Rights Reserved. Rise of the Tomb Raider is registered trademarks of Square Enix Ltd.© SQUARE ENIX CO., LTD. All Rights Reserved. ILLUSTRATION: TOMOMI KOBAYASHI© SQUARE ENIX CO., LTD. All Rights Reserved. CHARACTER DESIGN:TETSUYA NOMURA/YASUHISA IZUMISAWA © Disney Developed by SQUARE ENIX
Major titles for FY ending Mar 2017
Digital Entertainment-HD Games
Japan, North America, Europe PS4
2016 2016
11.1
20.0 23.3
31.6
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
2013/3 2014/3 2015/3 2016/3
10
・Since no expansion pack is scheduled in the FY ending Mar 2017,net sales will decrease YoY.
© 2012‐2015 ARMOR PROJECT/BIRD STUDIO/SQUARE ENIX All Rights Reserved. © 2010 ‐ 2015 SQUARE ENIX CO., LTD. All Rights Reserved.
2012.8 DQX launched
2013.8 FFXIV launched2013.12 DQX Exp. Pack
2015.4 DQX Exp. Pack2015.6 FFXIV Exp. Pack
2014.4 FFXIV(PS4) launched2014.9 DQX(3DS) launched
・MMO will maintain stable operation through implementation of various offerings.
Trends in sales
Digital Entertainment-MMO
Established a stable revenue base
(Billions of Yen)
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・Net sales in the FY ending March 2017 will increase YoY, thanks to full‐contribution of titles launched in previous FY, and new titles launching.
© 2010‐2015 SQUARE ENIX CO., LTD. All Rights Reserved. © 2014,2015 ARMOR PROJECT/BIRD STUDIO/SQUARE ENIX All Rights Reserved. © SUGIYAMA KOBO Developed by Cygames, Inc. © 2014,2015 SQUARE ENIX CO., LTD. All Rights Reserved.© 2014,2015 SQUARE ENIX CO., LTD. All Rights Reserved.©SQUARE ENIX CO., LTD. ©DeNA Co., Ltd.
Digital Entertainment- Games for smart devices/PC browser
Solid growth through constant hit title releasesTrends in sales
(Billions of Yen)
22.7 27.2
44.2
68.8
0.010.020.030.040.050.060.070.080.0
2013/3 2014/3 2015/3 2016/3
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© 2013, 2014 SQUARE ENIX CO., LTD. ALL Rights Reserved. © 2014,2015 ARMOR PROJECT/BIRD STUDIO/SQUARE ENIX All Rights Reserved. Developed by Cygames, Inc. © 2014,2015 SQUARE ENIX CO., LTD. All Rights Reserved. ©SQUARE ENIX CO., LTD. ©DeNA Co., Ltd.© 2014,2015 SQUARE ENIX CO., LTD. All Rights Reserved. © 2015 SQUARE ENIX CO., LTD. All Rights Reserved. © Disney Developed by SQUARE ENIX © SQUARE ENIX CO., LTD. All Rights Reserved. Developed by CROOZ, Inc.© 2015 ARMOR PROJECT/BIRD STUDIO/SQUARE ENIX All Rights Reserved. © 2015 SQUARE ENIX CO., LTD. All Rights Reserved.Developed by Alim Co., Ltd.Illustration/© 2014 YOSHITAKA AMANO © 2016 SQUARE ENIX All Rights Reserved.
Digital Entertainment-Games for smart devices/PC browser
FY2014/3
Jan, 2014
Nov 2014Apr 2014 Sep 2014
Jun 2015
Oct 2015
FY2015/3
FY2016/3
(alliance with DeNA Co., Ltd.)
Sep 2015
Jan 2016
Top Ranking F2P Game Apps (as of Apr 2016)
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Introduction of the e‐Money Payment System, aggressive foreign tourist spending, andstrong sales of arcade machine “DISSIDIA FINAL FANTASY” are driving the favorable results.
・Net sales in the FY ending March 2017 will increase YoY thanks to launch of powerful new arcade machines such as “GUNSLINGER STRATOS 3” and “DRAGONQUEST MONSTER BATTLE SCANNER.”
Amusement
44.3 47.0 40.7 41.1
0.0
10.0
20.0
30.0
40.0
50.0
2013/3 2014/3 2015/3 2016/3
Trends in sales(Billions of Yen)
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©2016 ARMOR PROJECT/BIRD STUDIO/Marvelous/SQUARE ENIX All Rights Reserved.© 2016 SQUARE ENIX CO., LTD. All Rights Reserved.
Amusement
Scheduled to launch in May 12, 2016 Scheduled to launch this summer
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2016/3 2017/3
©Nozomi Uda/SQUARE ENIX
©NAOE/SQUARE ENIX
©Satsuki Yoshino/SQUARE ENIX
PublicationTrends in sales
11.1 10.2 11.5 10.0
0.02.04.06.08.010.012.014.0
2013/3 2014/3 2015/3 2016/3
(Billions of Yen)
Continue to drive media‐mix deployment such as TV animation of comic titles.
HANDAKUN
(On the air from Jul to Sep 2016 )
(come on the air from Apr‐Jun 2016 )
(come on the air from Jul‐Sep 2016 )
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Financial ForecastsFiscal Year
Ending March 31, 2017
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Financial Forecasts: Fiscal Year Ending March 31, 2017
(Billions of Yen)Fiscal Year Ended 3/16
Fiscal Year Ending 3/17 (Projection) Change
Net Sales 214.1 250.0~270.0 35.9~55.9
Operating Income 26.0 27.0~33.0 1.0~7.0
Recurring Income 25.3 27.0~33.0 1.7~7.7
Net Income 19.9 17.0~21.0 (2.9)~1.1
Fiscal Year Ended 3/16
Fiscal Year Ending 3/17(Projection) Change
Depreciation and Amortization 6.3 7.0 0.7
Capital Expenditure 5.9 8.0 2.1
Fiscal Year ended 3/16
Fiscal Year Ending3/17 (Projection) Change
2Q 10 10 -
4Q 38 31~41 (7)~3
Total 48 41~51 (7)~3
Dividends per share(Details later) (Yen)
Each business segment’s forecast number for Fiscal Year ending March 31, 2017 corresponds to the intermediate scenario in the forecast range (consolidated net sales of Yen260B, and consolidated operating income of Yen30B).
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Financial Forecasts by Business Segment:Fiscal Year Ending March 31, 2017
1. Forecast for the Fiscal Year ending March 31, 2017 (Billions of Yen)Digital
Entertainment Amusement Publication Merchandising Eliminations or unallocated Total
Net Sales 200.0 46.0 10.0 4.0 - 260.0Operating Income 31.3 4.5 2.0 1.2 (9.0) 30.0Operating Margin 15.7% 9.8% 20.0% 29.8% - 11.5%
2. Results for the Fiscal Year ended March 31, 2016 (Billions of Yen)Digital
Entertainment Amusement Publication Merchandising Eliminations or unallocated Total
Net Sales 159.0 41.1 10.0 4.5 (0.5) 214.1 Operating Income 27.5 4.0 2.3 1.5 (9.2) 26.0 Operating Margin 17.3% 9.7% 22.7% 33.4% - 12.2%
3. Changes (1 ‐ 2) (Billions of Yen)Digital
Entertainment Amusement Publication Merchandising Eliminations or unallocated Total
Net Sales 41.0 4.9 0.0 (0.5) 0.5 45.9 Operating Income 3.8 0.5 (0.3) (0.3) 0.2 4.0
0.0
50.0
100.0
150.0
200.0
250.0
300.0
2012/3 2013/3 2014/3 2015/3 2016/3 2017/3(計画)
127.9
155.0148.0
19
250.0~270.0
167.9
214.1
(Projection)
(Billions of Yen) ■ Digital Entertainment■ Amusement■ Publication■ Merchandising
Net Sales by Business Segment
(10.0)
0.0
10.0
20.0
30.0
40.0
50.0
2012/3 2013/3 2014/3 2015/3 2016/3 2017/3(計画)
10.7
16.4
(6.1)
20
10.5
27.0~33.0
26.0
■ Digital Entertainment■ Amusement■ Publication■ Merchandising
Operating Income
(Projection)
Operating Income by Business Segment
(Billions of Yen)
6.8 11.1 20.0 23.3 31.6 16.1 22.7
27.2 44.2
68.8
49.0 55.6
47.3
44.4
58.5
0.0
50.0
100.0
150.0
200.0
2012/3 2013/3 2014/3 2015/3 2016/3 2017/3
71.9
89.5
21
94.6
111.9
159.0
200.0■ HD Games
■ Games for Smart Devices/PC browser
■ MMO
(Billions of Yen)
(projection)* Digital Entertainment segment’s forecast number of Yen 200B for Fiscal Year ending March 31, 2017 corresponds to the intermediate scenario in the forecast range (consolidated net sales of Yen260B).
Digital Entertainment-Net Sales
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(Million Units)
Digital Entertainment Segment- Units sold by region
(※) The above numbers cover both HD and MMO games, including third‐party titles for distributorship arrangement.
2016/3 2016/3 2017/3 2017/3
Results Results Results Results
(Only Disc) (Disc+DL) (Only Disc) (Disc+DL)
Japan 4.28 5.11 3.50 4.20
North America/Europe
9.14 15.99 16.50 25.00
Aisa, etc. 0.84 1.68 0.50 0.80
Total 14.26 22.78 20.50 30.00
Region
Only Disc: Disc sales onlyDisc+DL: Disc sales + Download sales of full‐length games newly released in the current and
previous FYs (not including catalogue titles released before the last FY)
Mid‐term Targets
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Net Sales: 300~400B yenOperating Income: 50B yen
Mid‐term Targets
(2,000)
(1,500)
(1,000)
(500)
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
‐200
‐100
0
100
200
300
400
500
600
700
800
900
1000
04/3 05/3 06/3 07/3 08/3 09/3 10/3 11/3 12/3 13/3 14/3 15/3 16/3
250.0
300.0
150.0
20.0
(10.0)
(20.0)
30.0
200.0
Net Sales (right axis)
40.0
50.0
10.00
60.0
050.0
100.0
350.0
400.0Operating Income (left axis)(Billions of Yen) (Billions of Yen)
Initiatives for Mid‐term Target
25
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HD games:Further strengthen the core franchisesby large‐scale title launches
MMO, Games for Smart Devices/PC browser:Further increase profits
+
‐ Premium apps for smart devices‐ VR/AR
Efforts to Continue
New Initiatives for the Future
‐ Emerging market development (focus on LATAM, Middle East, India)
Digital Entertainment
Premium Apps for Smart Devices, VR/AR
・HITMAN GO (for Oculus/Gear VR)Coming May 12, 2016
・Kai‐ri‐Sei Million Arthur
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VR/AR (examples)
Premium AppsReleased in Feb 2016
for iOS/Android
© 2000,2001,2016 SQUARE ENIX CO., LTD. All Rights Reserved. © 1991,2016 SQUARE ENIX CO., LTD. All Rights Reserved.Hitman GO © 2016 IO Interactive A/S. All rights reserved. Published by Square Enix Ltd. © 2014‐2016 SQUARE ENIX CO., LTD. All Rights Reserved.
・Less burden of dev cost amortization
・Long‐tail revenue stream = Longer lifetime
・Cumulative revenue‐generating model
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Middle East and LATAM: rapidly expanding as consumer markets
India:promising market
Digital Entertainment– Emerging Markets
To serveAlready serving
IPs
Stable revenue streams from:・Subscription fees from MMO・Micro‐transactions from Smart Devices/PC browser・Digital sales of full games (HD & Expansions of MMO)
Enhancement of core franchises through continuous investment
29
Sustained efforts to create new IPs
Dividend Policy for FY2016/3
30
31
Dividend Policy for FY 2016/3
Consolidated Net Income
Annual Dividend per Share (Yen/share・year)
0
Yen30
Yen19.9B
Consolidated Payout Ratio of 30%
Total dividends Yen 5.9B
※Based on the number of outstanding shares as of the end of March, 2016
Yen48Annual Dividend per Share
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Updated on May 10, 2016 due to correction on page 10.Updated on May 26, 2016 due to correction on page 27.